Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. read and answer both questions while showing steps

Read and answer both questions while showing steps. 1. Ridgepointe Corporation...

70.2K

Verified Solution

Question

Accounting

Read and answer both questions while showing steps. image
1. Ridgepointe Corporation made sales of $300,000 subject to warranties that are estimated to be at 4% of the sales made. The entry to accrue warranty expense would include which of these? A. Credit to Inventory, $12,000 B. Debit to Warranty Payable, $12,000 C. Credit to Warranty Expense, $12,000 D. Credit to Accrued Warranties Payable, $12,000 Refer to Question #1 . Defects totaled $8,000. Ridgepointe's entry to replace the defective products will include which of these? A. Credit to Accrued Warranties Payable. B. Credit to Inventory C. Debit to Warranty Expense. D. Debit to Inventory

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

how to restore a degraded or damaged ecology ? for example a burnt forest

Mechanical Engineering
1.2K views

Find out about the nominal cruise altitudes of any three aircraft types (you can also give...

General Management
1.2K views

What experiences have you personally had with the ways in which cultural capital determines consumption?

Physics
1.2K views

2 Determine the force on a particle traveling 5 3E7 m s to the west...

Basic Math
1.2K views

Which of the following is closest to the volume of the pyramid 1 12 1...

Basic Math
1.2K views

Because the values of circular functions repeat every 21, they are used to describe things...

Basic Math
1.2K views

In the 1970s, due to world events, there was a gasoline shortage in the United...

Calculus
1.2K views

Exam x y Y a Find the domain of g x y for g b...

Calculus
1.2K views

Which function is graphed on the right O O y 2x 3 2 y 2x...

Calculus
1.2K views

Find the remainder when f x x88 5x 2 is divided by x 1

Accounting
1.2K views

Question: What is the tax treatment of withdrawals from a traditional IRA retirement account?...

Accounting
1.2K views

October sales-$4,000. Budgeted sales: $6,000 Nov & $8,000 Dec. Collections: 50% month of sale. 30%...